DAX Slips Further to 3-Month Lows

2026-03-03 08:48 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 extended losses on Tuesday, slipping nearly 4% to below 23,700, the lowest since early December 2025, amid mounting geopolitical risks.

Investors weighed the prospect of a prolonged conflict in the Middle East after US President Trump indicated that the attacks could last four to five weeks, and potentially even longer.

This exacerbated worries of a potential energy crisis, which is expected to add further pressure on inflation and may prompt a more cautious stance from major central banks.

Stocks in travel and tourism, tech, and financials continued to slide, with consumer goods shares also showing notable weakness.

Lufthansa and TUI each plunged more than 5%, amid flight cancellations to the Middle East and soaring oil prices.

Deutsche Bank, Siemens Energy, Infineon Technologies, Siemens and Commerzbank saw losses of over 5% each.

Beiersdorf shares plummeted 18% after the company flagged a softer 2026 outlook citing cost and foreign exchange pressures.



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